Filing Flows › Office Properties Income Trust (OPI) › Q4 2025
Office Properties Income Trust (OPI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed May 22, 2026
Office Properties Income Trust (OPI) reported revenue of $105M for the fourth quarter 2025 (Q4 2025), -11% from a year earlier and -3% from the quarter before. Operating margin was -2.1%, net loss $119M (113.0% of revenue).
Office Properties Income Trust, Q4 2025: revenue $105M (-11% year over year), operating margin -2.1%, net loss $119M, operating cash flow $1.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $105M | -3% | -11% |
| Operating profit | −$2.2M | — | -122% |
| Net earnings | −$119M | — | — |
| Operating cash flow | $1.8M | — | -93% |
What changed
Revenue was $105.3M in Q4 2025, down 11% year over year and down 3% from the previous quarter.
Operating costs exceeded revenue by $2.2M, an operating margin of -2.1%. Total costs fell 1% while revenue fell 11%. The quarter ended with a net loss of $119.0M, wider than the previous quarter's $66.3M loss. Net interest and other expense of $116.8M was the main reason.
Operating cash flow was $1.8M (down 93% year over year). Non-cash charges added back $44.6M of depreciation and amortization. Working capital and other items added $76.2M. Capital expenditures of $1.9M exceeded it, leaving free cash flow of −$58K.
Questions
What was Office Properties Income Trust's revenue in the fourth quarter 2025?
Office Properties Income Trust (OPI) reported revenue of $105M for the fourth quarter 2025 (Q4 2025), -11% from a year earlier and -3% from the quarter before.
Was Office Properties Income Trust profitable in the fourth quarter 2025?
Operating loss was $2.2M (-2.1% of revenue) and net loss $119M.